Free Daily Analysis
Spread Trend Analysis Report
Prepared for you on Saturday, May 28, 2022.
CRUDE OIL Feb 2023/Dec 2023 Spread (NYMEX:CL.G23_Z23)
Long-Term Downtrend (-90) - CL.G23_Z23 is in a strong downtrend that is likely to continue. While CL.G23_Z23 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CL.G23_Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.G23_Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CL.G23_Z23
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for CL.G23_Z23
Based on our trend formula, CL.G23_Z23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.90 | 11.03 | 10.90 | 11.03 | +0.12 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.03 | 4 | 2022-05-27 13:00:20 |
| Open Time | 09:00 | Close Time | 14:30 |